What percentage of people rent in Lapeer Township, MI?
9.5% (±4.5 points) of the occupied homes in Lapeer Township, MI are rented (2020–2024 American Community Survey).
That is 197 renting households against 1,874 that own their home.
In Lapeer Township, the share of households that rent went from 10.1% in 2015–2019 to 9.5% in 2020–2024 (−0.6 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 9.5% (±4.5 points)
- Renting households
- 197 (±94)
- Median renter income
- $46,203 (±$10,031)
Who rents and who owns in Lapeer Township
| Lapeer Township | Lapeer County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 9.5% (±4.5 points) | 14.0% (±1.1 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 197 (±94) | 4,862 (±377) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 1,874 (±185) | 29,974 (±516) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.2 (±0.6) | 2.1 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.4 (±0.2) | 2.6 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $46,203 (±$10,031) | $34,446 (±$2,836) | $42,352 (±$376) | $52,966 |
| Median owner household income | $75,000 (±$9,905) | $84,005 (±$2,264) | $87,130 (±$344) | $100,009 |
In Lapeer Township, the renter share is not measurably different from Lapeer County (14.0%).
It is also lower than in Michigan (26.8%).
It is lower than the national figure (34.8%).
In Lapeer County, Lapeer Township ranks 8 of 20 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 915 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Lapeer Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 10.1% (±3.2 points) | 9.5% (±4.5 points) | −0.6 percentage points | Not a measurable change |
| Median gross rent | $960 (±$103) | $1,362 (±$420) | +41.9% | No measurable change after inflation |
| Median household income | $72,948 (±$7,511) | $70,197 (±$10,687) | −3.8% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Lapeer Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Lapeer Township | — | 9.5% (±4.5 points) | — |
| Lapeer | 3.9 mi | 49.5% (±5.3 points) | Higher |
| Metamora | 4.3 mi | 17.6% (±9.5 points) | Not measurably different |
| Metamora Township | 4.9 mi | 10.2% (±4.5 points) | Not measurably different |
| Attica Township | 5.7 mi | 5.0% (±3.7 points) | Not measurably different |
| Elba Township (Lapeer County) | 6.2 mi | 5.4% (±3.8 points) | Not measurably different |
| Dryden Township | 6.8 mi | 8.1% (±3.8 points) | Not measurably different |
| Mayfield Township (Lapeer County) | 6.9 mi | 11.8% (±4.4 points) | Not measurably different |
| Hadley Township | 8.2 mi | 5.7% (±3.4 points) | Not measurably different |
Nearby places with a measurably higher figure: Lapeer, MI (49.5%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Lapeer County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 2 | Imlay City | 45.3% (±8.4 points) |
| 3 | Mayfield Township (Lapeer County) | 11.8% (±4.4 points) |
| 4 | Marathon Township | 10.4% (±3.3 points) |
| 5 | Metamora Township | 10.2% (±4.5 points) |
| 6 | Deerfield Township (Lapeer County) | 9.9% (±4.7 points) |
| 7 | North Branch Township | 9.8% (±4.5 points) |
| 8 | Lapeer Township | 9.5% (±4.5 points) |
| 9 | Goodland Township | 8.4% (±4.6 points) |
| 10 | Dryden Township | 8.1% (±3.8 points) |
| 11 | Almont Township | 6.7% (±2.6 points) |
| 12 | Burlington Township (Lapeer County) | 6.4% (±3.1 points) |
| 13 | Arcadia Township (Lapeer County) | 6.2% (±3.0 points) |
| 14 | Hadley Township | 5.7% (±3.4 points) |
Showing 13 of 20 places in Lapeer County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Lapeer Township
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Questions about Lapeer Township
How many renters are there in Lapeer Township?
Lapeer Township has an estimated 197 (±94) renting households, 9.5% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Lapeer Township?
In Lapeer Township, the share of households that rent went from 10.1% in 2015–2019 to 9.5% in 2020–2024 (−0.6 percentage points), not a measurable change.
How big are renting households in Lapeer Township?
A renting household in Lapeer Township has 2.2 people on average, against 2.4 in an owned home.
How much do renters earn in Lapeer Township?
The median renting household in Lapeer Township, MI has an income of $46,203 (±$10,031) a year, against $75,000 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lapeer township, Lapeer County, Michigan (county subdivision:46060, in state:26 county:087).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lapeer Township at a glance
- Median rent in Lapeer Township
- Income and affordability in Lapeer Township
- Home values in Lapeer Township
- Homeowner costs in Lapeer Township
- Property taxes in Lapeer Township
- Types of homes in Lapeer Township
- Bedrooms in Lapeer Township
- Age of homes in Lapeer Township
- Heating fuel in Lapeer Township
- Commute and cars in Lapeer Township
- Crime reported to police in Lapeer Township
- Population growth in Lapeer Township
- How long people stay in Lapeer Township
- Michigan landlord and tenant rules
- Housing across Lapeer County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan